External broker reports(aggregated public sources), TA Securities Holdings Berhad

TA Securities Holdings Bhd

External broker reports(aggregated public sources)

Equity Bottom-Up

<p>We believe the key to Malakoff’s future earnings and growth lies in Alam Flora (AF). This is underpinned by recent trends, namely Energy Transition and Sustainability. Against this new landscape where Renewable Energy (RE) and Large Scale Solar (LSS) projects are now the priority, it is challenging for Malakoff’s power business to sustain profits.</p>
<div class="content-highlight"><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></div>

We believe the key to Malakoff’s future earnings and growth lies in Alam Flora (AF). This is underpinned by recent trends, namely Energy Transition and Sustainability. Against this new landscape where Renewable Energy (RE) and Large Scale Solar (LSS) projects are now the priority, it is challenging for Malakoff’s power business to sustain profits.
Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Malakoff Corporation Berhad: Alam Flora Is Green Environmental Play

<div class="content-highlight"><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></div>

Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Pan-Asia Catalysts/Events, Quiddity Advisors

David Blennerhassett

Pan-Asia Catalysts/Events

Quiddity Advisors

Event-Driven

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<p>Back on the 3 June, Seaport Terminal (Johore) Sdn Bhd, a wholly-owned entity of Tan Sri Syed Mokhtar Albukhary, <a href="https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3163886" target="_blank" rel="noopener">announced</a> an Offer for port operator and utility play <a href="https://www.smartkarma.com/entities/mmc-corp-bhd" target="_blank" data-smartkarma-citation="entities:9776:1" rel="noopener">MMC Corp Bhd (MMC MK)</a>  at RM2.00/share, a 70.94% premium to last close. Seaport Terminal owns 51.76% of MMC.  The Offer is being done via a selective capital reduction and repayment (SCR) exercise. </p>
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<p>The deal looked - and looks - clean. It was just a question of timing, and SCRs often average around six months to complete.</p>
<p>Apart from an announcement on the <a href="https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3175290" target="_blank" rel="noopener">14 July</a> extending the date in which the board intends to respond to Seaport proposal, there was no further development.</p>
<p>Late yesterday, RHB <a href="https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3181001" target="_blank" rel="noopener">announced</a>, on behalf MMC's board, the SCR will be tabled to shareholders at a forthcoming EGM.</p>
<p>This gets the ball rolling, with an indicative completion date in the 4Q21.</p>
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<p>More below the fold.</p>
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Back on the 3 June, Seaport Terminal (Johore) Sdn Bhd, a wholly-owned entity of Tan Sri Syed Mokhtar Albukhary, announced an Offer for port operator and utility play MMC Corp Bhd (MMC MK)  at RM2.00/share, a 70.94% premium to last close. Seaport Terminal owns 51.76% of MMC.  The Offer is being done via a selective capital reduction and repayment (SCR) exercise. 


The deal looked - and looks - clean. It was just a question of timing, and SCRs often average around six months to complete.
Apart from an announcement on the 14 July extending the date in which the board intends to respond to Seaport proposal, there was no further development.
Late yesterday, RHB announced, on behalf MMC's board, the SCR will be tabled to shareholders at a forthcoming EGM.
This gets the ball rolling, with an indicative completion date in the 4Q21.


More below the fold.


MMC Corp (MMC MK): Board Support, At Last

Last Week in Event SPACE: Biden's New Executive Order, MMC, Invesco Office, WH Group, EPS, Link

<p><a href="https://www.smartkarma.com/entities/mmc-corp-bhd" target="_blank" data-smartkarma-citation="entities:9776:1" rel="noopener">MMC Corp Bhd (MMC MK)</a> has <a href="https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3163886" target="_blank" rel="noopener">announced</a> Seaport Terminal (Johore) Sdn Bhd, a wholly-owned entity of  Tan Sri Syed Mokhtar Albukhary, has made an Offer for all shares not owned at RM2.00/share, a premium to last close of 70.94%. </p>
<p>The Offer is being done via a selective capital reduction and repayment (SCR) exercise.</p>
<p>Seaport Terminal owns 51.76% of MMC.  </p>
<p>MMC primarily operates a number of ports in Malaysia, plus holds equity stakes in <a href="https://www.smartkarma.com/entities/malakoff-corp-bhd" target="_blank" data-smartkarma-citation="entities:404:1" rel="noopener">Malakoff Corp (MLK MK)</a> and <a href="https://www.smartkarma.com/entities/gas-malaysia-bhd" target="_blank" data-smartkarma-citation="entities:14078:1" rel="noopener">Gas Malaysia (GMB MK)</a>.</p>
<p>The offer is valid until the 15 July, should MMC wish to proceed.</p>
<p>More below the fold.<iframe width="1" height="1" frameborder="0" scrolling="no"></iframe></p>
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MMC Corp Bhd (MMC MK) has announced Seaport Terminal (Johore) Sdn Bhd, a wholly-owned entity of  Tan Sri Syed Mokhtar Albukhary, has made an Offer for all shares not owned at RM2.00/share, a premium to last close of 70.94%. 
The Offer is being done via a selective capital reduction and repayment (SCR) exercise.
Seaport Terminal owns 51.76% of MMC.  
MMC primarily operates a number of ports in Malaysia, plus holds equity stakes in Malakoff Corp (MLK MK) and Gas Malaysia (GMB MK).
The offer is valid until the 15 July, should MMC wish to proceed.
More below the fold.












MMC Corp (MMC MK): Privatisation Offer From Syed Mokhtar

Malaysia

Malakoff Corporation Berhad is an independent water and power producing company (IWPP). The Company designs, engineering, procurement, construction, installation, commissioning, testing, operation and maintenance of coal-fired electricity generating facility, and provision of engineering and project management, as well as repair, overhaul, and other services to power plants.

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Malakoff Corp (MLK MK)

Malakoff Corporation Berhad: Alam Flora Is Green Environmental Play

We believe the key to Malakoff’s future earnings and growth lies in Alam Flora (AF). This is underpinned by recent trends, namely Energy Transition...

TA Securities Holdings Bhd

QoQ Profits Almost Doubled in 2Q21

Buy Malakoff Corporation Berhad: QoQ Profits Almost Doubled in 2Q21. - By: TA Securities Holdings Bhd

TA Securities Holdings Bhd

MMC Corp (MMC MK): Board Support, At Last

Trading at a gross/annualised spread of 10.5%/31.2%. I would expect the circular to be dispatched within a month. I'd get involved here

David Blennerhassett

Last Week in Event SPACE: Biden's New Executive Order, MMC, Invesco Office, WH Group, EPS, Link

The weekend is here! Pour yourself a coffee, grab a comfortable seat, and sift through a brief summary of insights on various events discussed...

David Blennerhassett

MMC Corp (MMC MK): Privatisation Offer From Syed Mokhtar

I think this is a done deal and would expect shares to trade tight to terms. Assuming a mid-October completion, this may well trade up to ~RM1.94...

David Blennerhassett

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